NBR Market was valued at US$ 1857.39 Mn in 2022 and is expected to grow at US$ 3019.83 Mn in 2029. Global NBR Market size is expected to grow at a CAGR of 7.19 % through the forecast period.
Market Scope:
We investigated the NBR Market from every angle, including both primary and secondary research methods. This improved our grasp of current market dynamics such as supply-demand imbalances, pricing trends, product preferences, consumer behaviours, and so on. Following that, the data is collated and evaluated using a variety of market estimation and data validation approaches. In addition, we have an in-house data forecasting engine that predicts market growth until 2027.
NBR Market Overview:
The market research studyNBR examines and evaluates the market’s position during the predicted period. It is a thorough investigation that focuses on fundamental and secondary drivers, market dominance, key segments, and geographical analysis. The research also looks at key individuals, large collaborations, mergers, and acquisitions, as well as contemporary innovation and business strategy.
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Segmentation:
By Application
, During the projection period, the O-rings & Seals segment is anticipated to develop at the highest CAGR of . Automotive, manufacturing, oil & gas, and other end-use industries all require O-rings and seals. Manufacturing of vehicles has a direct impact on the consumption of O-rings and seals in the automotive industry. NBR gloves are recommended over latex gloves due to their strong puncture resistance and reduced likelihood of allergy. O-rings and seals are produced using nitrile O-rings because of their desirable characteristics, which include low compression set, high tensile strength, good abrasion resistance, and oil resistance. Different grades are used to create O-rings and seals. The NBR market is expanding as a result of the extensive usage of NBR O-rings and seals in the manufacturing, oil and gas, and automotive industries.
By End-User
Since it maintains performance in a variety of weather and surface conditions while adhering to the strict safety regulations of different countries, the automotive and transportation category held the biggest market share in 2022. Manufacturers are forced to employ NBR due to the rising demand for tyres that provide a smoother, quieter ride with higher fuel efficiency. The automotive industry primarily views Nitrile Butadiene Rubber (NBR) as its workhorse. It is frequently employed in applications involving water handling, seals and grommets, and the handling of gasoline and oil. Additionally, the NBR’s resistance to hot oil makes it a popular material for automotive industry applications, where it is mostly utilised for engine hoses, gaskets, oil seals, and O-rings. Additionally, NBR-based elastomers have historically been widely used by producers of mining equipment.
Key Players:
Primary and secondary research is used to identify market leaders, while primary and secondary research is used to determine market revenue. Primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing professionals. Secondary research included a review of the leading manufacturers’ annual and financial reports, whereas primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing professionals. Secondary sources are utilized to compute percentage splits, market shares, growth rates, and global market breakdowns, which are then checked using historical data. The players highlighted in this report are as follows:
1. LANXESS
2. Sinopec
3. Kumho Petrochemical
4. TSRC Corporation
5. JSR Corporation
6. LG Chem
7. Versalis S.p.A
8. ZEON Corporation
9. SIBUR Holding
10.OMNOVA Solutions Inc.
11.Atlantic Gasket Corporation,
12.Apcotex Industries Limited
13.AirBoss of America Corp.
14.BASF SE,
15.Hanna Rubber Company
16.Versalis
17.PetroChina
18.Huangshan Hualan Technology Co. ltd
19.Dow
20.ARLANXEO
21.CNPC
22.Ningbo Shunze
23.Nantex
24.Nanjing Xinfeima Chemical
25.Jiangyin Zhengbang Chemicals
26 Petrobras Argentina
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Regional Analysis:
The study provides an in-depth look at the area industry, covering both qualitative and quantitative data. It provides an overview and forecast of the globalNBR market by segment. It also provides market size and forecast estimations for five main regions from 2021 to 2027, including North America, Europe, Asia-Pacific, the Middle East Africa, and South America. TheNBR market in each area is further segmented into regions and segments. The study examines and anticipates several nations, as well as current trends and opportunities in the area.
COVID-19 Impact Analysis onNBR Market:
We thoroughly researched and analyzed the GlobalNBR Market Development Strategy post-COVID-19, by corporate strategy analysis, landscape, type, application, and leading countries, which encompasses and analyses the globalNBR industry’s potential, providing statistical data on market dynamics, growth factors, major challenges, PORTER analysis, and market entry strategy analysis, opportunities, and forecasts. The primary goal of the research is to provide enterprises in the industry with a strategic analysis of the impact of COVID-19. Simultaneously, this research investigated the marketplaces of significant nations and presented their market potential.
Key Questions Answered in theNBR Market Report are:
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What are the most potential high-growth prospects in the worldwideNBR industry, broken down by product category, End User, and Region?
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WhichNBR market categories will grow the most rapidly, and why?
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Which regions will grow faster, and why?
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What are the major factors impactingNBR market dynamics? What are theNBR market’s major drivers and challenges?
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What are the business risks and dangers in theNBR market?
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